Specifically, in a document sent to the State Securities Commission and the Ho Chi Minh City Stock Exchange, Phu Tai Joint Stock Company (code PTB) announced that Mr. Do Xuan Lap is only an independent member of the Board of Directors.

In addition, the company commits that the published information is true and is fully responsible before the law for the content of this information.

On the same day, Phu Tai Corporation also announced to shareholders that Mr. Do Xuan Lap is an independent member of the Board of Directors and does not directly participate in the management and operation of the company. Therefore, PTB said that the incident related to Mr. Lap does not affect the management of production and business activities at this enterprise.

According to PTB's 2024 business results, the parent company's revenue reached nearly VND 2,183 billion, pre-tax profit reached VND 309.2 billion. Consolidated revenue reached more than VND 6,656 billion and pre-tax profit reached VND 471.2 billion.

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Mr. Do Xuan Lap was just arrested at a large casino in Ho Chi Minh City. Photo: Tiendatquinhon

Previously, on the evening of December 17, 2024, wood industry "tycoon" Do Xuan Lap - Chairman of the Vietnam Timber and Forest Products Association was arrested in a particularly large disguised casino at Diamond Club, belonging to Ngoi Sao Viet Hotel Company Limited (located at Ramana Hotel, No. 323 Le Van Sy Street, Ward 13, District 3).

Among the arrested “gamblers”, some are well-known businessmen and business owners in the country. Some gambled with a total amount of up to 725,445 USD, equivalent to more than 18 billion VND.

Mr. Do Xuan Lap and a few friends were arrested when the police raided the place. Accordingly, Mr. Lap was prosecuted and detained for 4 months for the crime of "Gambling".

Wood tycoon just arrested for gambling: Billion-dollar property, once in top 500 largest enterprises Before being arrested at a large casino, Mr. Do Xuan Lap was General Director of Tien Dat Wood Industry Joint Stock Company with revenue of nearly a trillion/year, and also Chairman of the Vietnam Timber and Forest Products Association from 2019 to present.